Shares of Petronet LNG plunged 8.5 per cent during intra-day trading on Thursday, January 2 following critical remarks by the Petroleum and Natural Gas Regulatory Board over tariff-related practices. Regulatory Scrutiny Intensifies PNGRB accused Petronet LNG of exploiting gas consumers through excessive tariff hikes at its Dahej terminal despite increasing capacity and utilisation. A PNGRB discussion paper stated, “Rising charges …
Petronet LNG Ltd, India's biggest gas importer, will invest ₹40,000 crore in the next five years for expanding import infrastructure as well as foraying into new business to boost profitability to ₹10,000 crore. Petronet said it is raising import capacity of the Dahej terminal from 17.5 million tonnes per annum to 22.5 million tonnes at an estimated cost of ₹600 …
